Energy sector investments are long term, capital intensive, and carry significant risks borne out of uncertainty. Below is a watchlist of key uncertainties, which would impact India’s energy transitions.
Question 1: How high will oil prices rise? Brent crude was $45 per barrel in summer 2017. It is now just above $70 a barrel (November 2014 levels). A year ago, many commentators did not expect the deal between the Organization of the Petroleum Exporting Countries and Russia, to cut production and raise prices, to hold. In fact, the deal has now been extended well into 2018.
For India,
Question 1: How high will oil prices rise? Brent crude was $45 per barrel in summer 2017. It is now just above $70 a barrel (November 2014 levels). A year ago, many commentators did not expect the deal between the Organization of the Petroleum Exporting Countries and Russia, to cut production and raise prices, to hold. In fact, the deal has now been extended well into 2018.
For India,
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